The dominance of Bitcoin is growing. When Bitcoin is growing - altcoins are growing less or without rising. Bitcoin falls - alts fall even more. Paired with ETHBTC, we see a Wyckoff Distribution Schematic #2. We are currently in Phase D. The price is approaching a support zone. Most likely, there will be some descending trading near this zone. We will form LPST (a last point of supply) and SOW (a sign of weakness). Next, we are waiting for Phase E.
I don't think that is the case. We are slowly approaching a bottom. After that, ETH will get stronger compared to BTC again and with Etherium 2.0 I could see a jump in strength of ETH.
nineWorldsWatchYou
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Eth is out of the game for the next cycle. The fees are too high.